Private equity firm Stockbridge has entered into an agreement to acquire a 12-property grocery-anchored retail portfolio from Branch Properties. The portfolio totals 1.25 million square feet, and all 12 properties are located in five growth markets within the Southeast region. Stockbridge has already acquired six properties, and plans to acquire the additional six over the next year with Branch maintaining a minority ownership in the portfolio.

In the initial acquisition, Stockbridge acquired Burnt Store Marketplace in Punta Gorda, FL; Village Shoppes of Sugarloaf in Lawrenceville, GA; Five Forks Corners in Lilburn, GA; Waterford Village in Wilmington, NC; Village at Waterside in Chattanooga, TN; and Lightfoot Marketplace in Virginia Beach, VA. The properties total 765,969 square feet. The grocery anchors in the portfolio include Publix Super Markets and Harris Teeter, along with other essential retailers and restaurants.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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